Daiwa Adjusts Price Target on Bank of America to $46 From $45, Maintains Outperform
Warren Buffett Reduces Stake in Bank of America
Big Lenders Expected to Show Investment Banking Upswing -- Barrons.com
Buffett sold again! Cumulative cashed out over 10 billion US dollars of Bank of America, will he invest in Japanese finance and shipping stocks?
Sell-off may not be over yet.
Buffett's Bank of America Stock Selling Spree Surpasses US$10b
Buffett continues to sell stocks of bank of america (BAC.US), with total cashed out exceeding 10 billion US dollars.
Warren Buffett's conglomerates further reduced their shareholding in Bank of America, cashing out over 10 billion US dollars in the consecutive months of stock sell-off frenzy.
Bank of America(BAC.US) 10% Shareholder Sells US$383.04 Million in Common Stock
Bank of America Options Spot-On: On October 7th, 85,550 Contracts Were Traded, With 3.02 Million Open Interest
Citi changes its forecast for the Federal Reserve, expecting a 25 basis point rate cut in November instead of 50 basis points.
Citigroup economists stated in a report that they expect the Federal Reserve to cut interest rates by 25 basis points in November. After the strong September employment data was released in the United States last Friday, some Wall Street banks abandoned their forecast of a 50 basis point rate cut in November. "Federal Reserve officials are now confident in a 25 basis point rate cut in November," Andrew Hollenhorst said in a report; on September 19, the second day of the 50 basis point rate cut by the Federal Reserve, citigroup economists confirmed their forecast of a 50 basis point rate cut in November. However, they still expect, labor force.
J.P. Morgan Maintains Bank of America(BAC.US) With Buy Rating, Raises Target Price to $47
Investors in Bank of America (NYSE:BAC) Have Seen Respectable Returns of 57% Over the Past Year
The Strong Jobs Report Leads Morgan Stanley to Ditch a Stock-market Call It Made Just Two Weeks Ago
Berkshire Hathaway is recommending Japanese yen bonds ranging from 3 to 30 years.
According to an email from one of the underwriters, bank of america, Buffett's Berkshire Hathaway is promoting a Japanese yen bonds with maturities ranging from 3 to 30 years. The trade may be priced on October 10. Underwriters are bank of america and bank of america.
Daily short sale tracking: Rivian Automotive's short volume increased by 9 million, with a short sale ratio of 17%
Wells Fargo Moves Past Its Scandals -- Barron's
Wall Street veteran Yardeni: The Fed will not cut interest rates again this year.
Wall Street veteran Ed Yardeni stated that the Federal Reserve's monetary easing actions in 2024 may have already come to an end, as Friday's strong employment report highlighted the resilience of the world's largest economy. The founder of Yardeni Research Inc. mentioned that the rebound in oil prices and China's efforts to restart the economy while further easing policies could trigger inflation. Ed Yardeni, the founder of Yardeni Research, also indicated that the Fed's 0.5 percentage point rate cut in September is typically implemented to address economic downturns or market collapses.
Unpacking the Latest Options Trading Trends in Bank of America
Bank of America Options Spot-On: On October 4th, 175.53K Contracts Were Traded, With 3 Million Open Interest
Bank of America Announces Redemption of $2,000,000,000 2.456% Fixed/Floating Rate Senior Notes, Due October 2025
Non-farm payroll data eases pressure on the Federal Reserve, no longer requiring a meteoric rate cut.
The unexpectedly strong September non-farm payrolls report has eased concerns about the health of the US labor market, giving the Federal Reserve more room to maintain a slow pace of rate cuts in the coming months. Following the data release, economists and investors almost immediately lowered their expectations of another 50 basis point rate cut in November. jpmorgan's Chief US Economist Michael Feroli said, "Today's report should make the Fed's job easier, and we now expect the central bank to follow a path of cutting rates by 25 basis points." bank of america economist Aditya Bhave also expects a rate cut in November.